Minimization of Cost

In Minimization of Cost an example that can help us to explain the procedure of minimizing cost using linear programming simplex method.Assume that a pharmaceutical firm is to produce exactly 40 gallons of mixture in which the basic ingredients, x and y, cost $8 per gallon and $15 per gallon, respectively, No more than 12 gallons of x can be used, and at least 10 gallons of y must be used. The firm wants to minimize cost.

Linear Programming and Minimization of Cost-Graphical Method: Linear programming graphical method can be applied to minimization problems in the same manner as illustrated on maximization example page. An example can help us explain the procedure of minimizing cost using linear programming graphical method. Example: